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UPDATE: Refund checks from the Bank of America Overdraft Class Action Lawsuit Settlement are in the mail!
Top Class Actions reported in June that Bank of America (NASDAQ: BAC) had reached a $410 million class action lawsuit settlement for charging excessive overdraft fees. We’ve just learned that some Bank of America customers have started receiving notices in the mail concerning how to receive a payment or account credit from the class action settlement.
The Bank of America overdraft fee settlement will resolve a class action lawsuit, entitled In re: Checking Account Overdraft Litigation, that accuses Bank of America and nearly 30 other banks of manipulating debit transactions to maximize the fees they could charge customers who overdrew their bank accounts. Bank of America denies any wrongdoing, but has agreed to settle its part in the case by creating a $410 million settlement fund to reimburse Class Members.
You’re considered a Class Member of the Bank of America overdraft fee class action settlement if you had a Bank of America checking account and/or savings account that you could access with a BofA debit card, anytime between January 1, 2001 and May 24, 2011, and you were charged one or more overdraft fees as a result of Bank of America’s practice of posting debit card transactions from highest to lowest dollar amount.
As part of the Bank of America overdraft settlement, Class Members will receive payments or account credits for the unlawful overdraft fees they paid. The amount of such payments or account credits cannot be determined at this time, but will be based on the number of people in the Settlement Class and the amount of additional overdraft fees each Settlement Class Member paid as a result of Bank of America’s posting order.
If you are included in the Settlement Class and entitled to receive a cash benefit, you do not need to do anything to receive a payment or account credit from the BofA overdraft settlement. If you Court approves the Settlement and it becomes final and effective, you will automatically receive a payment or account credit.
However, if you wish to opt-out of the Bank of America settlement and retain your right to sue individually, you have until October 3, 2011 to submit your request for exclusion.
You can find more information on your rights in the Bank of America Overdraft Fee Litigation Class Action Lawsuit Settlement at www.BofAOverdraftSettlement.com.
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116 thoughts onDetails on Filing Claims for BofA Overdraft Settlement Arrive
$5000
it appears you missed the deadline for the one 2 years ago. It amounted to $78 per person so I don’t think you missed out. http://www.clossonsettlement.com/ I read this one they are trying to get $5000 per plaintiff and $2500 per married plaintiff. I wonder what that means if I had a business account and individual account?
Details on Filing Claims for BofA Overdraft Settlement Arrive
My account has been overdrafted to death, id thief in 2006, so they closed my accounts.
STILL IN 2011
Details on Filing Claims for BofA Overdraft Settlement Arrive
My account has been overdrafted to death, id thief in 2006, so they closed my accounts.
overdrafted to death
Details on Filing Claims for BofA Overdraft Settlement Arrive
BOA Payed money out of my Acct. that i did not have and made me go into an overdr[aft acct. n the neg. 300.00 yes this been goin on and on yes im fed up please help get them and help me get my money all of it back.
Details on Filing Claims for BofA Overdraft Settlement Arrive
BOA still collected over draft fee again,I’m pissed and out of there!
Details on Filing Claims for BofA Overdraft Settlement Arrive
how do you file to get money back i had an account then but havent gotten anything and dont see how to be added to get whats mine
Details on Filing Claims for BofA Overdraft Settlement Arrive
i had my identity stolen i proved it to bank of america they STILL sent me the overdraft fees and if that’s not enough they sent that account to a creditor despite the fact i told them the situation.
Details on Filing Claims for BofA Overdraft Settlement Arrive
The date range for those eligble for payment is incorrect in the article. It states between January 1, 2011 and May 24, 2011. the start date in the settlement is actually January 2001 not 2011.
Details on Filing Claims for BofA Overdraft Settlement Arrive
What about the other claim we filed two years ago against Bank of America for the same thing?
Details on Filing Claims for BofA Overdraft Settlement Arrive
I am still waiting on the other settlement from Bank of America that I filed with Top Class a couple of years ago. What about this one?